ZIP 60654 - 860Z200US60654 — Demographic Snapshot (2023)

Overview

If you’re considering ZIP code 60654 for your next home, investment, or business venture, this demographic and housing snapshot offers a clear picture of what to expect. Located in a vibrant part of Chicago, this area combines urban energy with a diverse population and robust economic indicators. Using the latest 2023 data, we’ll break down the population, household dynamics, income levels, housing costs, and racial composition to help you make informed decisions. Whether you’re a homebuyer, real estate investor, small-business owner, or analyst, these insights will guide your next steps in ZIP 60654.

Population & Households

ZIP 60654 is home to a population of 24,303 residents, making it a moderately sized urban community. This area supports 15,955 households, reflecting a high density of living arrangements typical of city environments. With 17,960 total housing units available, there’s a slight surplus of homes compared to occupied households, which could indicate opportunities for buyers or renters looking to move in. The balance between population and housing units suggests a dynamic area with room for growth or investment.

Income & Housing Costs

One of the standout metrics for ZIP 60654 is its median household income of $144,831, which points to a relatively affluent community. This figure suggests that residents have significant purchasing power, a key consideration for businesses targeting higher-income demographics. On the housing front, the median home value stands at $495,900, reflecting a premium real estate market. For renters, the median rent is $2,571 per month, indicating a high cost of living that aligns with the area’s income levels. These numbers highlight ZIP 60654 as a desirable, upscale location for both living and investing.

Race & Ethnicity

The racial and ethnic composition of ZIP 60654 offers a glimpse into its cultural diversity. The majority of residents identify as White, accounting for 70.37% of the population. Hispanic or Latino residents make up 11.42%, while Asian individuals represent 8.5%. Black or African American residents comprise 3.32% of the population. This mix suggests a predominantly White area with notable representation from other groups, contributing to a varied community fabric. For businesses and investors, this diversity can inform marketing strategies and community engagement efforts.

Key Facts

• Total population: 24,303 residents in ZIP 60654 as of 2023.
• Total households: 15,955, indicating a dense urban living environment.
• Total housing units: 17,960, with some vacancy for potential buyers or renters.
• Median household income: $144,831, reflecting a high-earning community.
• Median home value: $495,900, signaling a premium real estate market.
• Median rent: $2,571 per month, aligning with the area’s upscale profile.
• Racial composition: 70.37% White, 11.42% Hispanic, 8.5% Asian, 3.32% Black.

What This Means for You

For homebuyers, ZIP 60654 offers a high-end market with median home values near half a million dollars. The slight surplus of housing units could mean less competition in certain segments, but be prepared for steep costs and a competitive rental market if you’re not ready to buy. Investors and real estate agents will find opportunity in the area’s affluence and housing stock—properties here cater to high earners, and the vacancy rate suggests potential for flipping or renting. Keep an eye on market trends, as values and rents are already elevated. Small-business owners can leverage the strong median income of $144,831 to target premium products or services, though high rents may impact operating costs. Finally, analysts can use this data to benchmark ZIP 60654 against other urban ZIPs, noting its diversity and economic strength as key differentiators.

Run This Study Yourself

• Curious about other areas or want to dive deeper into ZIP 60654? Start by visiting ZipcodeGPT for a user-friendly platform to explore demographic data.
• Enter any ZIP code to access detailed population, income, and housing metrics tailored to your needs.
• Use the insights to inform your homebuying, investment, or business decisions with confidence.